Pre-Trading Thoughts

The ADQ on Tuesday deposited the first tranche of its USD35 bn Ras El Hekma investment at the CBE, El Sisi said. Egypt has inked seven MoUs with international and local companies to develop green hydrogen and renewable energy projects worth USD41 bn in the Suez Canal Economic Zone over the next ten years. The Madbouly government is looking into a proposal from Italian industrial manufacturer Danieli to establish a USD4 bn integrated industrial complex for the production of iron and stee...